Hema Sunkara Acquires Retail Asset In Irving For $3.94M With Broker John Paine
1500 Market Place Boulevard
Building Size
11,741 SF
Asset Type
Retail
Closing
Nov 20, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 1500 Market Place Boulevard in Irving. The total square footage of the property is 11,741, and the off-market guided pricing was $3,938,563.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,938,563
- Address: 1500 Market Place Boulevard
- Market: Irving
- Square Footage: 11,741
- Buyer: Hema Sunkara
- Broker: John Paine - Paine Restaurant Group - Marcus & Millichap
John Paine leveraged leftover buyers from a previous restaurant deal he had under contract, which facilitated his dual representation of both the seller and buyer in this sale.
On the Map
Retail
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Irving Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93